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Surrendering a LIC policy is not recommended. However, sometimes policyholders want to surrender policy to invest in other products with greater returns. In this post, we are discussing the steps to follow to surrender LIC policies and how to calculate LIC surrender value. LIC or Life Insurance Corporation of India is considered one of the most reliable insurers in India with high repute. The company offers varied plans and products to secure the lives of individuals and their families. LIC plans are available for different tenure with varied coverage options to benefit the policyholders accordingly.
Life Insurance
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The most important thing required for an insurance policy to continue is to pay the premium of the plan on time. When you buy a health or life insurance plan from LIC or Life Insurance Corporation of India, the smoothest way of paying the premium is through LIC Merchant. Let us take a look at the LIC merchant portal.
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It is a matter of fact that buying health insurance plans does make a person carefree about the financial burden laid out at the time of a health care need. But does that mean anything, and everything used for medical treatment will be covered under a health insurance policy? You need to think about it twice, as there are a bundle of non medical expenses in health insurance, which are not covered under any health insurance plan. The surprising thing is that a majority of policyholders are not aware of the non-medical expenses listlaid out by the IRDAI or Insurance Regulatory and Development Authority of India.
Health Insurance
Dec 02, 2024
Health Insurance
Dec 02, 2024
Health Insurance
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If you have any questions on how to choose the best insurance plan, you can connect with our IRDAI certified insurance advisors.
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